Overseas Headlines – June 29, 2020

United States:

The U.S.-China Feud Gets Nasty

“The U.S. and China are moving beyond bellicose trade threats to exchanging regulatory punches that threaten a wide range of industries including technology, energy and air travel. The two countries have blacklisted each other’s companies, barred flights and expelled journalists. The unfolding skirmish is starting to make companies nervous the trading landscape could shift out from under them.”



Reviving Britain’s Economy Is Tough With an Aging Workforce

“The coronavirus pandemic is transforming workplaces across the world, with offices and factory floors adjusting to social-distancing rules. For metal pressing company Bruderer U.K., it’s underscored a weakness in the British economy that management has been grappling with for years. About 60% of employees at the firm’s plant in Luton, southern England, is aged over 60, putting them statistically at higher risk of complications from Covid-19 than younger workers. Managing Director Adrian Haller said he’s been trying to train apprentices and hire fresh blood for years, but to little avail.”



China Industrial Profits Increase for First Time Since November

“The profits of Chinese industrial enterprises rebounded in May for the first time since November 2019, signaling the economy is continuing to recover from the coronavirus shutdowns. Industrial profits rose 6% to 582.34 billion yuan ($82 billion) last month from a year earlier, data from the National Bureau of Statistics showed Sunday. That compared with a decline of 4.3% in April.”




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